Congress protested on August 22 over the Hindenburg report using a Sebi chief-Adani nexus

Congress urged a parliamentary investigation into the allegations made by Hindenburg Research against Madhabi Buch, the chief of Sebi, India's stock market regulator. The US short-seller claimed new instances of financial misconduct connected to the Adani Group, as well as conflicts of interest on the part of Sebi.

The Congress on Tuesday declared that the Hindenburg report, which suggested a connection between the Adani Group and the chairman of Sebi, will trigger a mass uprising on August 22. In light of the accusations made by the US short seller, the party is calling for Madhabi Buch to be removed from his position as head of Sebi.

The declaration was made today by Congress leader Jairam Ramesh after a meeting with state heads, incharges, and general secretaries of the party. Mallikarjun Kharge chaired the meeting.

We talked about one of the largest scams now taking place in the nation: the Adani and Sebi scam, the Hindenburg disclosures scam, stated Jairam Ramesh.

According to him, the party's leadership has chosen to stir up controversy across the country by calling for a joint parliamentary committee investigation into the purported Adani scam.

We all came to the united decision to launch a national campaign on this subject, calling for two things: first, a JPC investigation into the Adani megascame, in which the Prime Minister is directly implicated, and second, the strengthening of financial market regulation. stated Jairam Ramesh.

The Congress has called for a parliamentary investigation into the matter when Hindenburg Research intensified its dispute with Madhabi Buch, the chief of Sebi, the Indian stock market regulator, and claimed conflicts of interest and new financial misconduct connected to the Adani Group.

According to papers leaked by sources, Hindenburg Research has discovered that Madhabi Puri Buch, the head of Sebi, and her spouse held investments in mysterious offshore companies implicated in the Adani money-laundering affair. The US short-seller backed up its allegations with papers from whistleblowers.

Sebi, Madhabi Buch, and her spouse angrily refuted claims that they showed indulgence towards business magnate Gautam Adani and his conglomerate.

The Buchs characterized the accusations as "baseless allegations and insinuations" devoid of veracity in a joint statement.